Thread Reader helps you read and share Twitter threads easily!
I'm @ThreadReaderApp a Twitter bot here to help you read threads more easily. To trigger me, you just have to reply to (or quote) any tweet of the thread you want to unroll and mention me with the "unroll" keyword and I'll send you a link back on Twitter 😀
— Thread Reader App (@threadreaderapp) November 25, 2017
X thread is series of posts by the same author connected with a line!
From any post in the thread, mention us with a keyword "unroll"
@threadreaderapp unroll
Follow @ThreadReaderApp to mention us easily!
Practice here first or read more on our help page!
Recent
Every single time the @USTreasury sanctions another batch of organizations for terror support, at least one of them is somehow tied to @Columbia. Every time. It's the most predictable thing in the world, and Columbia is doing nothing to change that. The rot runs deep.
@USTreasury @Columbia Some examples:
@USTreasury @Columbia
.@nic_carter nailed the core issue with X:
The platform can’t decide whether it’s optimizing for attention or ownership.
You cannot serve both at the same time.
The platform can’t decide whether it’s optimizing for attention or ownership.
You cannot serve both at the same time.
Here’s the deeper frame:
X quietly abolished digital property rights.
Followers used to be your land.
Now they’re just leased attention, revocable by the algorithm.
X quietly abolished digital property rights.
Followers used to be your land.
Now they’re just leased attention, revocable by the algorithm.
Old Twitter was a collection of villages.
Crypto Twitter. FinTwit. Tech Twitter. Politics Twitter.
You followed people to hear them.
Now X wants to be a global casino floor.
Crypto Twitter. FinTwit. Tech Twitter. Politics Twitter.
You followed people to hear them.
Now X wants to be a global casino floor.
To be honest the game of "If the west attacks us we will slaughter our people in a fake war." became too old.
A new game exists. This time if the west attacks Islamic lands, the EU will be on fire has been installed.
Neither Erdoğan nor Others care about anything there.
A new game exists. This time if the west attacks Islamic lands, the EU will be on fire has been installed.
Neither Erdoğan nor Others care about anything there.
Retards are the USA and the trisomy 21 EU.
If the Islamists issue the fatwa of Jihad what will trisomy 21 EU do?
Trisomy 21 EU has been officially occupied by Islamic lands. All trisomy 21 officials are corrupted and work for the oil of Islamism.
No mercy is waiting the west!
If the Islamists issue the fatwa of Jihad what will trisomy 21 EU do?
Trisomy 21 EU has been officially occupied by Islamic lands. All trisomy 21 officials are corrupted and work for the oil of Islamism.
No mercy is waiting the west!
While retards are in deep sleep.
In some seconds the international show will be ended by Islamists and the DVD of "Game of Graves" will be shown on the monitor. While there is no monitor connected to the HDMI cable!
So sad when some play with criminals!
In some seconds the international show will be ended by Islamists and the DVD of "Game of Graves" will be shown on the monitor. While there is no monitor connected to the HDMI cable!
So sad when some play with criminals!
🚨 A New York judge has STRUCK DOWN the State's congressional map under the NY Constitution.
Justice Pearlman orders the IRC to redraw NY-11 into a Black/Latino influence district by linking Staten Island and lower Manhattan, dismantling Republican Nicole Malliotakis's seat.
Justice Pearlman orders the IRC to redraw NY-11 into a Black/Latino influence district by linking Staten Island and lower Manhattan, dismantling Republican Nicole Malliotakis's seat.
The new map must be in place by February 6th, 2026. The current NY-11 has existed since 1980.
Pearlman's test largely tracks the current framework used for Section 2 of the Voting Rights Act as applied to redistricting.
Pearlman's test largely tracks the current framework used for Section 2 of the Voting Rights Act as applied to redistricting.
Defendants, including Rep. Nicole Malliotakis, argue that this new district violates the 14th Amendment to the US Constitution.
@CivilRights under @AAGDhillon is arguing a similar case at the US Supreme Court right now.
@CivilRights under @AAGDhillon is arguing a similar case at the US Supreme Court right now.
Let's recap the INSANE week in markets:
Monday: MLK holiday (markets closed)
Tuesday: 870-point Dow crash on tariff/Fed fears
Wednesday: SCOTUS signals Fed saved, relief rally
Thursday: Intel surges, P&G disappoints, markets digest
Here's what it all means... 🧵
Monday: MLK holiday (markets closed)
Tuesday: 870-point Dow crash on tariff/Fed fears
Wednesday: SCOTUS signals Fed saved, relief rally
Thursday: Intel surges, P&G disappoints, markets digest
Here's what it all means... 🧵
What this week taught us:
Lesson 1: Markets overshoot on fear (Tuesday's -870 point crash)
Lesson 2: Information resolves quickly (SCOTUS signals within 24 hours)
Lesson 3: Quality matters more than ever (earnings divergence)
Lesson 4: Multiple risks exist simultaneously
Lesson 1: Markets overshoot on fear (Tuesday's -870 point crash)
Lesson 2: Information resolves quickly (SCOTUS signals within 24 hours)
Lesson 3: Quality matters more than ever (earnings divergence)
Lesson 4: Multiple risks exist simultaneously
The portfolio positioning for next week:
Increase (from this week's lessons):
Quality U.S. equities with pricing power
Industrials/Defense (GE Aerospace strong)
Healthcare (Abbott demand solid)
Reduce:
Consumer staples (P&G margin pressure)
Credit card banks
Increase (from this week's lessons):
Quality U.S. equities with pricing power
Industrials/Defense (GE Aerospace strong)
Healthcare (Abbott demand solid)
Reduce:
Consumer staples (P&G margin pressure)
Credit card banks
Procter & Gamble just reported Q2 2026 earnings (fiscal Q2).
Results: BEAT on revenue, MISS on EPS
Stock reaction: DOWN 2% pre-market
This is your real-time consumer health check. Here's what it reveals... 🧵
Results: BEAT on revenue, MISS on EPS
Stock reaction: DOWN 2% pre-market
This is your real-time consumer health check. Here's what it reveals... 🧵
The numbers:
Revenue: $21.9B (beat by $100M)
EPS: $1.72 (missed $1.88 estimate)
Organic sales growth: +3% (slowest in 2 years)
Beat on top line, miss on bottom line = Margin compression
Consumers are buying, but P&G can't pass all costs through.
Revenue: $21.9B (beat by $100M)
EPS: $1.72 (missed $1.88 estimate)
Organic sales growth: +3% (slowest in 2 years)
Beat on top line, miss on bottom line = Margin compression
Consumers are buying, but P&G can't pass all costs through.
The geographic breakdown:
North America: +2% (slowest growth)
Europe: +3%
Asia: +5% (still growing but decelerating)
Latin America: +6% (strongest)
U.S. consumer is WEAKEST link. That's the headline.
North America: +2% (slowest growth)
Europe: +3%
Asia: +5% (still growing but decelerating)
Latin America: +6% (strongest)
U.S. consumer is WEAKEST link. That's the headline.
For those who don’t know, I’ve been working as a telephone based consumer law advisor for Citizen’s Advice for nearly 4 years. It was the first place that would give me a job after I got booted out of precarious teaching at Newcastle University. I did my last shift there today.
I won’t miss dealing with the general public. I won’t miss having to hit 32 calls a day. But I will miss being part of an organisation doing its best to help people in bad situations under difficult constraints. It was a fascinating window onto the world, and I learned a lot.
I’ve discovered that my most normie lib opinion is that contract law is pretty fucking important. But I’ve equally come to the view that the Marxist focus on worker-exploitation needs to be supplemented by a robust account of consumer-exploitation.
Dec 2025 was the worst December on record for homebuyer demand.
NAR's pending sale index fell to 71.8.
Down 30% from pre-pandemic norms on contract signings. (and still dropping from last year's already historically low levels).
Indicating 2026 is going to get off to a rough start on closings and buyer interest.
The only way out is lower prices.
NAR's pending sale index fell to 71.8.
Down 30% from pre-pandemic norms on contract signings. (and still dropping from last year's already historically low levels).
Indicating 2026 is going to get off to a rough start on closings and buyer interest.
The only way out is lower prices.
1) I'd like to remind everyone that we've now had 7 rate cuts since August 2024.
Back then the Fed Funds was at 5.25-5.50%.
Now it's at 3.50-3.75%.
And buyer demand is still dropping.
Back then the Fed Funds was at 5.25-5.50%.
Now it's at 3.50-3.75%.
And buyer demand is still dropping.
2) Moreover - Mortgage Rates are down about 100 basis points from where they were last year (6.1% v 7.1%).
So, affordability has improved incrementally.
So, affordability has improved incrementally.
Two days ago, everyone was convinced:
"SCOTUS will destroy Fed independence!"
"Markets will crash!"
"Gold to $5,000!"
"Constitutional crisis!"
Today:
SCOTUS signals Fed protected.
Markets rallying.
Gold consolidating, not mooning.
Here's what we got wrong (and right)... 🧵
"SCOTUS will destroy Fed independence!"
"Markets will crash!"
"Gold to $5,000!"
"Constitutional crisis!"
Today:
SCOTUS signals Fed protected.
Markets rallying.
Gold consolidating, not mooning.
Here's what we got wrong (and right)... 🧵
What we got RIGHT:
✅ The Cook case was a genuine institutional risk
✅ Precious metals were correct hedge
✅ Markets would react to SCOTUS signals
✅ Dollar reserve status concerns were real
✅ Powell attending arguments was significant
The risk identification was spot-on.
✅ The Cook case was a genuine institutional risk
✅ Precious metals were correct hedge
✅ Markets would react to SCOTUS signals
✅ Dollar reserve status concerns were real
✅ Powell attending arguments was significant
The risk identification was spot-on.
What we got WRONG:
❌ Underestimated how clearly SCOTUS would signal
❌ Thought ruling would take months (signals came in hours)
❌ Expected more market volatility from binary outcome
❌ Overestimated gold's reaction to single catalyst
The magnitude/speed of resolution surprised.
❌ Underestimated how clearly SCOTUS would signal
❌ Thought ruling would take months (signals came in hours)
❌ Expected more market volatility from binary outcome
❌ Overestimated gold's reaction to single catalyst
The magnitude/speed of resolution surprised.
After yesterday's SCOTUS signals that Fed independence will hold, gold should have crashed 5-10%.
It didn't.
Gold: $4,700 (down only 0.4%)
Silver: $94 (down only 1%)
The fact that precious metals are HOLDING tells you something important... 🧵
It didn't.
Gold: $4,700 (down only 0.4%)
Silver: $94 (down only 1%)
The fact that precious metals are HOLDING tells you something important... 🧵
The thesis was:
SCOTUS protects Fed → Institutional risk off → Gold crashes
That's what SHOULD have happened if gold's rally was ONLY about the Cook case.
But gold barely budged.
Why?
SCOTUS protects Fed → Institutional risk off → Gold crashes
That's what SHOULD have happened if gold's rally was ONLY about the Cook case.
But gold barely budged.
Why?
Because the Fed independence case was ONE risk among MANY:
✅ Fed independence (now likely protected)
❌ Greenland tariff crisis (ongoing)
❌ DOJ probe of Powell (continuing)
❌ Fiscal deficits ($2T+ annually)
❌ Geopolitical fragmentation
❌ Dollar reserve status erosion
✅ Fed independence (now likely protected)
❌ Greenland tariff crisis (ongoing)
❌ DOJ probe of Powell (continuing)
❌ Fiscal deficits ($2T+ annually)
❌ Geopolitical fragmentation
❌ Dollar reserve status erosion
🚨HOLY CRAP. An ICE whistleblower just revealed a secret memo authorizing ICE officers to break into homes without a judicial warrant, which DHS's own legal training materials say is unconstitutional!
ICE then hid the memo from the public, passing it along by word of mouth.
ICE then hid the memo from the public, passing it along by word of mouth.
ICE secretly told its officers that any time someone has been ordered removed, ICE can break down their door.
It has been accepted for generations that the only thing which can authorize agents to break into your home is a warrant signed by a judge. No wonder ICE hid this memo!
It has been accepted for generations that the only thing which can authorize agents to break into your home is a warrant signed by a judge. No wonder ICE hid this memo!
Chillingly, the whistleblower says that ICE trainers were directed (no paper trail?) to train all of ICE's new recruits that these administrative warrants authorize breaking into peoples' homes, even though DHS's own training materials still make clear that's illegal!
This is THE earnings week of Q1 2026:
Intel (today after close)
P&G (today)
GE Aerospace (today)
Abbott Labs (today)
Capital One (today)
Plus SCOTUS Fed signals + Greenland relief.
Here's what actually matters... 🧵
Intel (today after close)
P&G (today)
GE Aerospace (today)
Abbott Labs (today)
Capital One (today)
Plus SCOTUS Fed signals + Greenland relief.
Here's what actually matters... 🧵
The pattern so far this earnings season:
✅ 70%+ beating expectations
❌ Stock reactions: Muted or negative
Why?
Valuations at 22x forward earnings mean beats are PRICED IN.
What's NOT priced in? Guidance uncertainty.
✅ 70%+ beating expectations
❌ Stock reactions: Muted or negative
Why?
Valuations at 22x forward earnings mean beats are PRICED IN.
What's NOT priced in? Guidance uncertainty.
What CEOs are REALLY saying:
"Consumer remains resilient" = Not great, not terrible
"Monitoring geopolitical developments" = Tariffs scare us
"Maintaining operational flexibility" = We're not committing to big spending
"Consumer remains resilient" = Not great, not terrible
"Monitoring geopolitical developments" = Tariffs scare us
"Maintaining operational flexibility" = We're not committing to big spending
